The Top Option Products & Exchanges of 2007
General Sentiment
U.S. markets were generally lower on the final day of 2007. This mirrors Europe and underscores investorsí ongoing concerns regarding credit and the housing market.
The CBOE VIX was up slightly to 22.14 on Monday and the broad averages were down about Ω% in moderate volume.
Calls lead puts overall with a slightly bearish directional bias as weíve seen a number of out-of-the-money call sellers begin to establish some bearish positions for 2008.
2007 Volume
While the numbers wonít be official until the OCC completes its 2007 processing, listed options set quite a few records last year.
Our preliminary data shows a total of well over 2.8 billion contracts changing hands in 2007. That is a 40% increase over the 2006 levels. Increased market volatility clearly played a large part in this volume surge, with several single day records set in the heat of the July/August correction.
TOP OPTIONS PRODUCTS OF 2007
| Product | Contracts |
| QQQQ | 184,000,000 |
| .SPX | 159,000,000 |
| IWM | 153,000,000 |
| SPY | 140,000,000 |
| AAPL | 69,000,000 |
| XLF | 38,000,000 |
| C | 32,000,000 |
| GOOG | 25,000,000 |
| MSFT | 24,000,000 |
| .RUT | 24,000,000 |
| .VIX | 23,000,000 |
| YHOO | 23,000,000 |
| INTC | 22,000,000 |
| RIMM | 22,000,000 |
| GM | 21,000,000 |
| GE | 21,000,000 |
| DIA | 20,000,000 |
TOP OPTIONS EXCHANGES OF 2007
Posted By: Trade Alert
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About Henry Schwartz
Henry Schwartz has traded derivatives on US and European exchanges for nearly 20 years. His experience includes market-making and institutional trading at the Hull Group, Salomon Brothers, Bear Stearns and most recently Banc of America Securities, where he led the electronic market-making project coincident with the launch of the ISE. His current work involves real-time stream analysis of options market activity for a number of leading institutional sell-side firms.
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